Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Monday, April 22, 2024.

Swiss Franc/Hungarian Forint (FOREX:CHFHUF)

Crossroads (+60) - CHFHUF is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid CHFHUF?

MarketClub looks at technical strength and momentum to determine if the timing is right for CHFHUF.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_CHFHUF
Open High Low CHFHUF Price Change
405.69141 407.31279 404.82562 405.80521 +0.11380
Entry Signal

MarketClub’s Trade Triangles for CHFHUF

long term down The long-term trend has been DOWN since Apr 3rd, 2024 at 402.38022

intermediate term up The intermediate-term trend has been UP since Apr 15th, 2024 at 407.39881

short term up The short-term trend has been UP since Apr 10th, 2024 at 399.74212

Smart Scan Analysis for CHFHUF

Based on our trend formula, CHFHUF is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for CHFHUF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
405.69141 407.31279 404.82562 405.80521 +0.11380
Prev. Close Volume Bid Ask Time
405.69141 2024-04-22 18:18:56
Get a free daily analysis and signals for Swiss Franc/Hungarian Forint (CHFHUF) - Request Your Free Report.